XEM , pretty interesting token, but almost died. Let's begin.
The price is forming the new bottom. Above we have a consolidation cloud. It's a resistance zone now.

Let's take a look on the first possible scenario. The price will make a new bottom and will go to the resistance zone , and then, the downward movement will continue.

And the second scenario is based on the fact, that we will break through the resistance zone , and then go up to the grey trend line . If the movement will strong, we can expect the price at (1763) as well, but, I think, the grey line will stop the movement and the price will correct.
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